COVA VARIABLE LIFE ACCOUNT FIVE
497, 1999-09-07
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                     COVA FINANCIAL LIFE INSURANCE COMPANY
                              PROSPECTUS SUPPLEMENT
                             Dated September 7, 1999

This page supplements Cova Financial Life Insurance  Company's  variable product
prospectuses  as  set  forth  below.  Please  keep  this  supplement  with  your
prospectus for future reference.


On August 26,  1999,  it was  announced  that The  Metropolitan  Life  Insurance
Company would  purchase  General  American Life  Insurance  Company,  the parent
company of Cova Financial Life Insurance Company ("Cova").  Metropolitan Life is
one of the country's oldest and most financially sound life insurance
organizations.  It is  anticipated  that at the  closing  of the  purchase,
General  American's ratings,  and those of Cova,  which were  lowered  during
July and August, 1999, will be restored to their previous levels.


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